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Asoko Insight, Others Selected for New World Bank Accelerator Programme

ugo onwuaso

Asoko Insight, Africa’s largest company information repository, has been selected, alongside others, to participate in World Bank’s XL Africa acceleration programme.

Launched in April 2017, XL Africa received more than 900 applications from across the continent.

Asoko was selected as one of the final 20 startups to participate in the four-month long program alongside a range of top African venture capital investors and global digital corporates, such as Google, Thomson Reuters, Orange and Ringier.

Participating investors include Singularity Investments (an Asoko investor), Knife Capital, Silvertree, TLCom, 4Di and others.

Through the program, Asoko said it aims to increase its visibility among African corporates and progress its product offering toward the global business community.

Speaking on the development, Asoko CEO and Co-Founder, Rob Withagen, said "Africa’s scale-ups are rapidly growing in number and sophistication, but face an uphill battle getting on the radar of institutional investors and global corporates. XL Africa addresses that need head-on and we are excited and privileged to be part of its first edition."

Asoko’s participation will culminate in November with a two-week residency in Cape Town, South Africa followed by a presentation on the sidelines of Africon. Other participating scale-ups are found here.

Asoko Insight is Africa’s largest online repository of privately-held company information.